Flowers pulls out of Leeds bid

05 February 2014 06:32

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Massimo Cellino appears to once again be the frontrunner to buy Leeds after Andrew Flowers confirmed he had ended his bid - the second time the club sponsor has done so in a week.

As chaos continues to reign at Elland Road, Flowers - who on Tuesday it emerged has served a winding-up petition against the club - released a statement in which he confirmed his interest in buying the Championship outfit from Gulf Finance House Capital was over.

Flowers, who runs Leeds' principal sponsor, Enterprise Insurance, claimed the bid from Cagliari owner Massimo Cellino, which has been accepted and he was hoping to topple, represented a "fire sale" and was "superficially attractive".

His statement read: "I entered discussions in good faith to buy this club for the simple reason that I am a lifelong supporter and sincerely believed that I could make a real contribution towards the goal of promotion to the Premier League and at the same time provide the stability and sound financial governance the club desperately needs.

"However, the emergence of Mr Cellino's bid, and the nature of the transaction, seems to have crystallised the attitudes of both GFH and the Leeds United board, enabling them to dispose of the club with no consideration for its ultimate security and wellbeing. In effect, it is a "fire sale" transaction which is not in the interests of Leeds United, its players, staff or loyal supporters."